New York Mortgage Trust, Inc. (NASDAQ:NYMTL) Sees Large Growth in Short Interest

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,400 shares, an increase of 193.3% from the February 28th total of 1,500 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is presently 0.4 days.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock opened at $21.77 on Friday. The firm’s 50 day simple moving average is $21.99 and its two-hundred day simple moving average is $22.08. New York Mortgage Trust has a 12-month low of $19.05 and a 12-month high of $23.03.

New York Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.4297 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Tuesday, April 1st.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.